Why Precious Metals Deserve a Spot in Your Portfolio
Adding Shine to Your Portfolio
Investing in precious metals are also not free of risk but is better then #Crypto and #Stock market where the risk probability is higher. Precious metals carries its own risk and reward. The market movement is far change then that of Crypto and Stock market. If I were have enough money for investment I really go with precious metals because to diversify my portfolio and also investment in precious metals have another fun.
There are different types of precious metals for investment which depends upon your money. The types of metals are #Gold #Silver #Platinum and many more. But the most famous ones are Gold and Silver which is also expensive. Gold is more popular among the people which is used for different purpose and in different events. Such as Golds are melted and made necklace, Rings, Watches and other shapes for different events.
That is why the demand for Gold is also high as compared to other metals. This metal is known as one of the safe haven investment and the price rises in every century. From my childhood till now I am still remember that I have seen the price of #Gold rising and never seen any price downside. Which means that this investment is more safe and secure.
The same is the case with #Silver in term of investing. #Silver metal is another precious metal which is used in variety of ways. Industrial uses, made of ring, necklaces, Watches and other uses. Due to its more use in the society the rate of silver also touches the sky which is the best investment source for the long term. Therefore, diversifying portfolio adding metals is a great choice which is less risky as compared to Stock and Crypto market.
These are the type of physical investments which has appearance just like money. They are not the thing like Stock shares and crypto coins which have no physical appearance. You can buy a #Gold bar #Silver ring which has physically presence. These are the assets which can be sold any time but the price has rise and fall depending upon the economic conditions, geopolitical events, and currency movements.
Therefore, investing in Gold and Silver and other precious metals is highly recommended but do your own research before doing any investment. This is because every investment is not empty from risk instead liquid assets.
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I buy gold and silver primarily as a store of wealth, but it is working as a good investment so far! But as they say, you will not realize the profits unless you sell it.